Industrial - Debt

NorthMarq Capital

NorthMarq Capital’s New York City office arranges acquisition financing of $26.9 million for distribution center in Lithia Springs, Georgia

NEW YORK CITY (July 9, 2018) – Keith Braddish, senior vice president/managing director of NorthMarq Capital’s New York City metro office, arranged acquisition financing of $26.9 million for Lithia Springs Distribution Center, a 617,969 sq. ft. industrial property located at 7705 Staples Drive in Lithia Springs, Georgia. The transaction was structured with a 3-year term with two one-year extensions. NorthMarq arranged financing for the borrower through its relationship with a bridge lender. 

“The property is a 100 percent vacant, state-of-the-art, infill distribution/manufacturing facility located in the Terminus West Business Park in Lithia Springs. Latitude Management Real Estate Investors, Inc. executed flawlessly for this repeat borrower. They recognized the intrinsic value of the improvements and the deep tenant pool associated with this infill Atlanta location,” said Braddish.

NorthMarq Capital, the largest privately held commercial real estate financial intermediary in the U.S., provides debt, equity and commercial loan servicing through over 300 mortgage banking professionals in regional offices coast-to-coast and services a loan portfolio of more than $52 billion. In select markets, the company offers multifamily and manufactured housing investment sales through NorthMarq Multifamily. As a leader in capital solutions through long-term relationships with life companies, CMBS platforms and local, regional and national banks, the company also has a long track record of multifamily loan origination through Freddie Mac, Fannie Mae and FHA/HUD. For more information please visit www.northmarq.com.